Mortgage locks for second homes fell 4 percent from pre-pandemic levels in May as mortgage rates rose to nearly 6 percent and the housing market continued to cool, according to data issued Friday by Redfin.
Source: Inman News
Demand for vacation homes slips below pre-pandemic levels
Published in luxury, luxury lens, Markets & Economy, Redfin, Select, Taylor Marr and vacation homes
More from luxuryMore posts in luxury »
- Floridians grapple with insurance changes as hurricane season nears
- Jordan Cohen is as ‘blue collar’ as they come, but beloved by LA’s elite
- LA nets biggest deal yet this year at $62.8M for spec mansion
- Media mogul Barry Diller sets new record in $45M Miami Beach deal
- Judges decline to ‘centralize’ commission lawsuits for now
More from luxury lensMore posts in luxury lens »
- Floridians grapple with insurance changes as hurricane season nears
- Jordan Cohen is as ‘blue collar’ as they come, but beloved by LA’s elite
- LA nets biggest deal yet this year at $62.8M for spec mansion
- Media mogul Barry Diller sets new record in $45M Miami Beach deal
- Judges decline to ‘centralize’ commission lawsuits for now
More from Markets & EconomyMore posts in Markets & Economy »
- Existing-home sales drop in March as high rates stun homebuyers
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Floridians grapple with insurance changes as hurricane season nears
- Coastal cities lead as single-family rent growth soars to 10-month high
More from RedfinMore posts in Redfin »
- 2 buyers scramble to make a deal as the spring market sprints ahead
- Floridians grapple with insurance changes as hurricane season nears
- More and more renters believe they will never own a home
- Disappointing economic news hampers early spring market
- Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
More from SelectMore posts in Select »
More from Taylor MarrMore posts in Taylor Marr »
- Fewer than 2% of homes changed hands in 2023, marking 10-year low
- US rent hits just shy of all-time record high: Report
- Massive metro-to-metro home price gaps reach 13-year highs
- Spring market falls short, but low inventory is driving up competition
- Low inventory prevents prices from falling even further: Report
More from vacation homesMore posts in vacation homes »
Be First to Comment